Market

European Stocks Close Higher after ECB Cuts Interest Rates

European stocks rose Thursday after the European Central Bank (ECB) cut interest rates by 25 basis points to 3.5 percent.

The pan-European Stoxx 600 index rose 0.8 percent to 511.98 points at the close, recording its highest level in a week, and all …

Statistics: Consumer Price Index Rise Last Month

Ramallah – Ma’an – The Palestinian Central Bureau of Statistics said that the consumer price index in Palestine recorded an increase of 1.72% during August 2024 compared to July 2024, by 1.96% in the Gaza Strip, 1.55%, and 1.32% in Jerusalem.

The sta…

Oil Prices Rise 1% on US Hurricane Impact Concerns

Oil prices rose more than 1% on Thursday, spurred by concerns of Hurricane Francine impacting output in the US, the world’s biggest crude producer, though worries of lower demand capped gains.

Brent crude futures for November were up $1, or 1.4% at $…

US Oil Inventories Rise Last Week, Data Shows

The US Energy Information Administration (EIA) announced today an increase in crude oil, gasoline, and distillate inventories in the US over the past week.

The EIA, which serves as the statistical arm of the US Department of Energy, said in a report …

QSE Index Closes 1.47 Percent Higher

Doha: Qatar Stock Exchange (QSE) index closed at 10,398.32 points on Thursday, 150.20 points (1.47 percent) higher.

During the session, 168,323,140 shares were traded, at a value of QAR 513,482,919.145, as a result of executing 17,363 deals in all se…